Elys Game Technology, Corp. (“Elys” or the Company”) (Nasdaq: ELYS), an interactive gaming and sports betting technology company, today announced a partnership with Rod ‘N’ Reel Resort in Chesapeake Beach, MD to provide its services Under the agreement, for the provision of the sports betting platform and services, Elys will receive a percentage of all sports betting revenue generated at the station pending final regulatory approval.
The Maryland Lottery and Gaming Control Agency recently approved new rules for Maryland sports betting. Rod ‘N’ Reel Resort was one of seven named ‘Class B’ entities in the state of Maryland guaranteed a sports betting license. Rod ‘N’ Reel Resort is currently undergoing a major three-phase renovation project and plans to begin land-based sports betting upon regulatory approval.
Mary Lanham, president of Rod ‘N’ Reel Resort, commented: “Before choosing Elys as our sports betting provider, we evaluated a number of potential solutions. Elys’ platform and team clearly stood out with ease of use and integration with our existing operations, proven track record with major casinos, and decades of experience in the regulated betting market sportsmen. We look forward to bringing sports games as a convenience to the resort experience, establishing Rod ‘N’ Reel Resort as a destination of choice for the local community and visitors along the Chesapeake Bay. We also appreciate the support of the Maryland Gaming Commission who granted us this license and believe this major initiative will support the local community by providing quality jobs and keeping gaming revenue in the state.”
Michele Ciavarella, Executive Chairman of Elys Game Technology, said, “We are thrilled to enter into this partnership with Rod ‘N’ Reel Resort in Maryland, and to provide a “Build-a-Bet” sports betting solution consistent with the incredible experience that Rod “N” Reel Resort currently offers its customers, and we look forward to working with management to achieve their inaugural sports betting goals. This is another example of how we are executing our North American expansion strategy, providing a proven and unique retail sports betting solution to a variety of commercial operators ranging from restaurants and sports bars to top resorts. Across the country. We believe our unique Build-a-Bet auxiliary mobile platform is an industry first and a key tool for operators to attract and retain customers.”
About Rod ‘N’ Reel Resort
Located on the scenic western shore of Maryland’s Chesapeake Bay, Rod ‘N’ Reel Resort is a family-friendly waterfront destination just a short drive from Washington, DC, Baltimore and Annapolis. With over 300 boat ramps, three full-service restaurants, Gaming, Charter Fishing, Salon and Spa, Barber Shop, Water Sport Rentals, and 71 hotel rooms, Rod N Reel Resort is the ultimate entertainment venue of the Chesapeake Bay. Games at Rod ‘N’ Reel Resort offers over 275 pull-a-draw machines, live bingo sessions with a calendar of special events throughout the year, from progressive jackpots to HOT SEAT raffles. Additional information is available at: https://www.rnrresortmd.com/
About Elys Game Technology, Corp.
Elys Game Technology, Corp., is a global B2B gaming technology company operating in multiple countries around the world, with B2C online and land-based gaming operations in Italy. Elys offers its customers a full range of leisure gaming products and services, such as sports betting, electronic sports, virtual sports, online casino, poker, bingo, interactive games and slot machines. in Italy and is present in five States as well as in the District. of Columbia in the US market. Elys’ vision is to become a world leader in the gaming industry through the development of pioneering and innovative technology.
The Company provides betting solutions, online operator services, casinos, retail betting establishments and franchise distribution networks. Additional information is available on our corporate website at www.elysgame.com.
Investors can also find us on Twitter @ELYS_gaming.
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are identified by the use of the words “could,” “believe,” “anticipate,” “intent ,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “plan” and similar expressions that are intended to identify forward-looking statements and include statements regarding the company’s plans to provide Rod ‘N’ Reel Resort in Chesapeake Beach, MD land-based sports betting services, Rod ‘N’ Reel Resort begins land-based sports betting after regulatory approval, establishing Rod ‘N’ Reel Resort as the destination of choice for the local community and visitors along the Chesapeake Bay, Maryland’s licensing initiative supporting the local community by providing quality jobs and sustaining gaming revenue, the company working with Rod ‘N&CloseCurlyQuote management; Reel Resort to achieve their inaugural sports betting goals, with the company executing on its North American expansion strategy and the company’s Build-a-Bet ancillary mobile platform being an industry first and a key tool enabling operators to attract and retain their loyal customers. These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict and could cause actual results to differ materially. current results. expectations and assumptions from those set forth or implied by any forward-looking statement. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company’s ability to provide its land-based sports betting services to Rod ‘N’ Reel Resort as anticipated, Rod ‘N’ Reel’s ability to complete its renovation project and obtain regulatory approvals as planned, the company’s ability to execute its North American expansion strategy, the company’s ability to improve the performance of its products, the duration and the extent of the COVID-19 outbreak worldwide, including the impact on state and local economies, and the risk factors described in the company’s annual report on Form 10-K for l fiscal year ended December 31, 2021 and its subsequent filings with the United States Securities and Exchange Commission, including periodic reports on Form 10-Q and current reports on Form 8-K. The information in this release speaks only as of the date of this release, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unforeseen events, except as required by law.